POPE Benedict XVI has proposed a new world political authority "with real teeth", possibly in place of the United Nations, to enforce an ethical financial order and end the global financial crisis.
Calling for more aid, a bigger role for trade unions and an economic system aimed at the common good as well as profit, the Pope said only a moral market could end the crisis and solve world poverty.
The proposals were in his long-awaited encyclical - the second-highest level of papal teaching - released in Rome yesterday morning Australian time, before the G8 leaders gathered in Italy to discuss the global crisis.
The conviction that the economy must be autonomous and shielded from moral influences had led humanity to abuse the economic process in a destructive way, the Pope said in the encyclical Caritas in Veritate (Love in Truth).
Such convictions had led to economic, social and political systems that "trample upon personal and social freedom" and could not deliver justice.
His suggested political authority would manage globalisation, revive economies, stop the crisis deepening, protect the environment and regulate worldwide migration. It would need to be universally recognised and given power to ensure compliance from all countries.
http://www.brisbanetimes.com.au/world/pope-calls-for-a-new-world-order-20090709-ddic.html
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